Sri Lanka to sell US1.5bn in dollar bonds in domestic markets

ECONOMYNEXT – Sri Lanka’s cabinet of ministers had approved the sale of 1.5 billion US dollars of bonds in domestic markets this year, Information Minister Gayantha Karunathilake said.

The so-called Sri Lanka Development Bond are bought by banks and also domestic investors authorized to hold dollar denominated instruments.

In 2017 more than 1800 million dollars of SLDBs are maturing.

The bonds are sold in floating and fixed rates. (Colombo/Jan11/2016)

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